The Nepal Rashtra Bank (NRB) in a written directive to the financial institutions as well as currency exchange offices said all business transactions in Indian currency notes having the denominations should be stopped with immediate effect.

Normal banking operations may take a hit tomorrow as public sector bank employees will go on strike to protest against proposed merger of associate banks with SBI and banking reforms announced by the government.

According to All India Bank Officers Confederation (AIBOC) General Secretary Havinder Singh, its members will go on a one-day nationwide strike on February 29 as Mohanan, who is also AIBOC, Kerala State President, was terminated from the services of Dhanlaxmi Bank invoking draconian clause.

According to All India Bank Officers Confederation (AIBOC) General Secretary Havinder Singh, its members will go on a one-day nationwide strike on February 29 as Mohanan, who is also AIBOC, Kerala State President, was terminated from the services of Dhanlaxmi Bank invoking draconian clause.

The government will soon give handheld devices to all rural post offices, he added. The payments bank licence will enable the Department of Post (DoP) to offer banking services to the masses through its vast network of 1,54,000 post offices, of which 1,30,000 are in rural areas.

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The All India Bank Officers Confederation has called for the resignation of Reserve Bank of India governor Urjit Patel, taking the moral responsibility for the current crisis in the country and the deaths of more than 50 people, including 11 bank officials, according to a report in The Indian

Allahabad Bank has informed BSE that the Indian Banks Association (IBA) have advised the Bank that the All India Bank Employees Association (AIBEA), Bank Employees Federation of India (BEFI), All India Bank Officers Association (AIBOA), All India Bank Officers Confederation (AIBOC) Indian National

Thrissur: The All-India Bank Officers` Confederation on Saturday urged the RBI, the Finance Ministry, the Centre and the Kerala Government to intervene urgently in the "murky" affairs of private sector Dhanalakshmi Bank.
AIBOC National Deputy General Secretary N I Thomas said in a statement

Source:The Hindu BusinessLine - Thiruvananthapuram, May 2: The All-India Bank Officers` Confederation (AIBOC) extended its support to the cause of officers of Federal Bank who struck work on Wednesday. The strike was against transfer of a group of branch managers and officers in the bank who didn

caused due to a memorandum sent by the All India Bank Officers’ Confederation to the RBI stating the weak financials and certain wrongdoings by the bank.
As per the MAP, Dhanlaxmi Bank should moderate its loan growth, year-on-year, to 25% for 2011-12, should not be dependent on portfolio buyouts

Rs30 crore. However, the lender is not in serious trouble, the sources added.
Last year in November, the RBI conducted an inspection and issued a 15-point Monitorable Action Plan (MAP) to Dhanlaxmi Bank. This was followed by the furore caused due to a memorandum sent by the All India Bank Officers

The All India Regional Rural Bank Officers Federation (AIRRBOF) and All India Bank Officers Confederation (AIBOC) have opposed the government s move for the cross merger of RRBs sponsored by the different banks. At the 9th Triennial General Council of the AIRRBOF, which concluded here recently

The All India Bank Officers Confederation has demanded that Patel resign taking the moral responsibility for the current crisis and the deaths of more than 50 people, including 11 bank officials.
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